CITY OF NEWTON, MASSACHUSETTS 



4'/4 PER CENT. COUPON BONDS 



Exempt from all Federal Income Taxes. 

 Exempt from taxation in Massachusetts. 



$15,000 Due December 1, 1920 $15,000 Due December 1, 1922 



$15,000 Due December 1, 1921 $15,000 Due December 1, 1923 



At a price to yield 4.65 per cent. 



